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Question: The main purpose of having Life insurance is

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  1.  As an avenue for long-term investment
  2.  As a medium for getting income tax benefits from savings
  3.  As a governmental programme for reducing poverty
  4.  As an avenue for short-term investment
  5.  None of the above

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5. None of the above

The main purpose of having Life insurance is reduce the financial consequences of adverse situations

(Not be treated as an avenue for long-term investment or as a medium for getting income tax benefits from savings or as a governmental programme for reducing poverty or as an avenue for short-term investment).

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